Greene’s Energy Group (GEG) has acquired the shares of Singapore-based Associated Rental Tools Company Pte, Ltd. (Artco), GEG Chief Executive Officer Bob Vilyus announced.
“For Greene’s, Artco provides a great platform to bring our Devin and Cherokee rental equipment into the territory and Artco’s pump and compressor construction and repairing capabilities will bring in-house expertise to GEG Asia Pacific’s (GEGAP) pipeline services business,” said Vilyus. “We have been looking for a complimentary business that fits well culturally, has a great market reputation of service and expertise, and allows us to bring in further rental and service equipment and people to further serve our customers in the region. This acquisition also allows us to consolidate our locations into one substantial facility with great visibility and accessibility to this sector of the oilfield services industry.”
Dennis Lim, Artco’s majority owner, will remain as General Manager and continue regional business development efforts. A native Singaporean, Lim has owned and operated Artco since 1993. Cheok Poh Leng, Artco’s active minority leader, will retain her role as Business Manager, maintaining the company’s accounting and office functions. Lim and Poh Leng will report to John Johnston, General Manager GEGAP.